Crypto week at glance: Markets turn volatile amid ongoing debt ceiling discussions and rising inflation

The global cryptocurrency market has experienced a turbulent week, as investors grapple with various factors such as the ongoing debt ceiling stalemate and rising inflation in the UK. Bitcoin, in particular, has been witnessing significant fluctuations, trading between the range of US$26,000 and US$27,500 in recent days. On Thursday, BTC dropped below the US$26,000 level, as bearish pressure intensified in the market. This decline led to BTC reaching its lowest point since May 12th, touching a bottom of US$25,810.

In the past 24 hours, Bitcoin’s trading range has revolved around the US$26,400 level, showing a gain of over 1%. This increase can be attributed to the release of stronger-than-expected unemployment and productivity data in the United States. However,